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MOL to Expand Fleet

Maritime Activity Reports, Inc.

June 21, 2007

MOL has outlined plans for fleet expansion. MOL announced that it intends to increase the bulkship fleet by 60 vessels over the period to mid-2012. In addition, the iron ore carrier fleet is to be expanded by 44 newbuildings. These ships will include five vessels of 300,000 tons, six of 230,000 tons and another six of 200,000 tons.

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